Libya's state-owned oil company is suing a US armoured vehicle maker for $400,000 after it failed to deliver one of its most highly protected models to Tripoli.
The National Oil Corporation (NOC), headed by Mustafa Sanalla, paid Alpine Armoring $371,000 for the rare, customised Chevrolet Suburban 3500 HD, but it was not delivered as planned in February 2020 because the company could not secure a US export licence.
The company said the plating would stop armour-piercing rounds with nothing on the market close to the “high quality and immediate availability” of the Chevrolet. The documents did not say who intended to use the car.
The company, based in Chantilly, Virginia, has since refused to repay the NOC, which is suing for breach of contract, according to court documents filed in Texas.
Alpine Armoring sought to have the case dismissed last month, or to force the NOC to enter arbitration to resolve the dispute.
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Feeding the thousands for iftar
Six industrial scale vats of 500litres each are used to cook the kanji or broth
Each vat contains kanji or porridge to feed 1,000 people
The rice porridge is poured into a 500ml plastic box
350 plastic tubs are placed in one container trolley
Each aluminium container trolley weighing 300kg is unloaded by a small crane fitted on a truck
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
THE DETAILS
Solo: A Star Wars Story
Director: Ron Howard
2/5
UAE currency: the story behind the money in your pockets
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.
Based: Riyadh
Offices: UAE, Vietnam and Germany
Founded: September, 2020
Number of employees: 70
Sector: FinTech, online payment solutions
Funding to date: $116m in two funding rounds
Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices
